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Stronger Economies Together (SET)

Stronger Economies Together (SET). Strategies for Building New Economic Opportunities. Sponsors & Partners. SET Sponsors: USDA Rural Development Four Regional Rural Development Centers Key partners: Extension and research faculty from land-grant universities in the U.S.

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Stronger Economies Together (SET)

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  1. Stronger Economies Together (SET) Strategies for Building New Economic Opportunities

  2. Sponsors & Partners • SET Sponsors: • USDA Rural Development • Four Regional Rural Development Centers • Key partners: • Extension and research faculty from land-grant universities in the U.S. • National Institute of Food and Agriculture, USDA • Economic Development Administration, U.S. Department of Commerce

  3. Pre-Training Assessment • Please take a few minutes to complete the brief questionnaire. • Why? To determine your level of familiarity with the topics being covered in the SET training program

  4. A Snapshot of SET Module One

  5. Purpose of SET Help rural communities/counties to work together as a regional team in developing and implementing an economic development blueprint that builds on the current and emerging economic strengths of their region.

  6. Why We Launched Set Concern for the economic health of rural areas USDA Secretary Vilsack commented: “I have reached the conclusion that we must overhaul our approach to economic development in rural America. The framework of the new effort recognizes that the rural economy of tomorrow will be a regional economy. No one community will prosper in isolation.”

  7. Phase I and II SET States Phase I States Phase II States

  8. Two Key SET Groups in Your State

  9. Texas State Partner Team

  10. Texas State Training Team • Greg Clary, Texas AgriLife Extension Service • Rebekka Dudensing, Texas AgriLife Extension Service • Ronald Lawrence, Texas USDA Rural Development • Jake Sheeran, Texas USDA Rural Development • Roland Smith, Texas AgriLife Extension Service • Cristina Trejo-Vasquez, University of Texas-Pan American • Jamie Rae Walker, Texas AgriLife Extension Service

  11. Why a Regional Approach? Promotes the Three Cs: • Conversation • Connection • Capacity Source: Council on Competitiveness (2010)

  12. An Example of CWAM Economics Source: IMPLAN (2010)

  13. $10M Increase in Cattle Sales Source: IMPLAN (2010)

  14. $1 Cattle Sales Requires 6¢ in Gas ? Colorado County does not produce refined petroleum Matagorda County $781,083,776 Wharton County $233,199,952 Austin County $477,121,280 Source: IMPLAN (2010)

  15. Recruiting a New Truck Transport Co. to Colorado County Austin Co. Trailer Mnfg:   $8,903,235 Matagorda County $781,083,776 Wharton County $233,199,952 Austin County $477,121,280

  16. What SET Provides Regional Teams

  17. The Nine SET Training Modules

  18. SET: What Are Your Hopes? • Round 1: 2-3 things you hope SET does for your personally • Round 2: 2-3 things you hope SET does for your region • What items were identified most often? Anything missing?

  19. What Will Your Team Do? • Develop an economic development blueprint for the region • Complete several activities throughout SET that will build that plan

  20. The Activities You Will Undertake • Explore existing economic development trends and strategies • Build a team that is reflective of the region • Design an inspiring vision statement • Examine the characteristics of your region’s population, education, and workforce • Analyze regional economic clusters • Compile a detailed list of regional assets

  21. The Activities (Continued) • Develop strong, viable regional goals • Define strategies to achieve these goals • Build and implement an action plan • Monitor progress; adjust as needed • Determine impacts of your efforts • Keep the momentum going!!

  22. Final Thoughts • Any items to clarify? • Other questions about SET? • Preparing for the next session • Others to invite to the next SET meeting • Current economic development activities of counties/communities in the region • Register for the SET forum at http://set.srdc.msstate.edu/forum

  23. What’s Ahead in Module Two • Defining economic development • Exploring major trends • Examining your economic development activities • Defining a region: Different approaches • Determining key features of successful regions

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